Stock Unit Award Sample Clauses

Stock Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award for a target number of Stock Units of <# STOCK UNITS> (such target number of Stock Units, together with such number of additional whole or fractional Stock Unit(s), if any, as may from time to time be credited with respect thereto (as dividend equivalents) pursuant to Section 4 hereof, being referred to herein as the “Target Award Amount”). The number of Stock Units which may be awarded hereunder is dependent upon the satisfaction of the conditions set forth herein and may range from no Stock Units to 150% of the Target Award Amount. The Stock Units are notional units of measurement denominated in Shares of Disney (i.e., one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney.
AutoNDA by SimpleDocs
Stock Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of “Stock Units.” The Stock Units are notional units of measurement denominated in Shares of Disney (i.e. one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney. This Award is subdivided into “Tranche A” and “Tranche B,” each of which constitute one half of the Award. Subject to the terms, conditions and performance-based vesting requirements set forth herein, Tranche A of this Award will vest on the second anniversary date of the Date of Grant and Tranche B on the fourth anniversary of the Date of Grant.
Stock Unit Award. Provided that Employee remains an Employee of the Company on January 1, 2014 (the “Grant Date”), the Company and the Employee shall enter into a Stock Unit Award Agreement in the form annexed hereto as Exhibit A (the “Award Agreement”) pursuant to which the Company shall grant to Employee a stock unit award with respect to an aggregate of 250,000 stock units (the “Stock Units”), which Stock Units shall vest and become non-forfeitable only when the conditions set forth in the Award Agreement have been met, together with such other terms and conditions as set forth therein. In the event the conditions set forth therein have not been met on or before January 1, 2017, then the Stock Units to be granted thereunder shall be forfeited and shall lapse and be deemed of no further force and effect, and the Employee shall have no further rights with respect thereto. Notwithstanding the foregoing, upon a Change in Control (as defined below), the Stock Units shall immediately vest and become non-forfeitable.
Stock Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of #### “Stock Units.” The Stock Units are notional units of measurement denominated in Shares of Disney (i.e. one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney. The Stock Units granted by this Award are grouped into subdivisions referred to herein as “Tranches,” and each Tranche constitutes one third of the Award. Subject to the terms, conditions and Section 162(m) performance-based vesting requirements set forth herein, one Tranche will vest on each of the first, second, and third anniversary dates, respectively, of the Date of Grant (any such anniversary date being a “Scheduled Vesting Date”).
Stock Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of “Stock Units.” The Stock Units are notional units of measurement denominated in Shares of Disney (i.e. one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney.
Stock Unit Award. The Company has granted to the Participant a Stock Unit Award representing a number of Stock Units of the Company (“Restricted Stock Units”), identified in a written communication (an “Award Notice”) delivered to the Participant by or on behalf of the Company, pursuant to the terms and conditions set forth in this Agreement and subject to the terms and conditions set forth in the Plan, a copy of which the Participant acknowledges having received. Each Restricted Stock Unit represents rights in respect of one share of the Company’s Common Stock. Additional Award Notices shall be delivered to the Participant in the event that the Company grants to the Participant additional Stock Unit Awards in the future. All such Award Notices shall indicate the number of Restricted Stock Units granted and the applicable Date of Grant. Unless the Committee should determine otherwise, any Awards of Restricted Stock Units granted on or after the date of this Agreement shall be subject to the terms and conditions provided in this Agreement and the Plan, as well as the French Addendum.
Stock Unit Award. In accordance with and subject to the Rent-A-Center, Inc. 2006 Long-Term Incentive Plan (the “Plan”) and this Agreement, the Company hereby grants to the Director a deferred stock award under the Plan, consisting of the right to receive shares of the Company’s common stock (“Shares”).
AutoNDA by SimpleDocs
Stock Unit Award. The Company hereby grants to the Participant an aggregate Stock Unit Award of [___] stock units (the “Stock Units”). Of this aggregate amount of Stock Units, [___] Stock Units represent the Participant’s elective deferral of a portion of the Participant’s Performance Award under the Plan in respect of fiscal year 2005 (the “Elective Units”), and [___] Stock Units represent the Company’s match of the amounts deferred by the Participant under the Participant’s Performance Award in respect of fiscal year 2005, each as specified in Appendix A hereto. The Award hereunder shall be subject to the conditions hereinafter provided and subject to the terms and conditions set forth in the Plan, a copy of which the Participant acknowledges having received.
Stock Unit Award. Omnicare hereby grants to the Participant, on the terms and conditions set forth herein, an Award of 40,282 "Stock Units." The Stock Units are notional units of measurement denominated in shares of Common Stock (i.e., one Stock Unit is equivalent in value to one share of Common Stock, subject to the terms hereof). The Stock Units represent an unfunded, unsecured deferred compensation obligation of Omnicare.
Stock Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of 245,098 “Stock Units.” The Stock Units are notional units of measurement denominated in Shares of Disney (i.e. one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney. The Stock Units granted by this Award are grouped into subdivisions referred to herein as “Tranches,” and each Tranche constitutes one quarter (25%) of the Award. Subject to the terms, conditions and Section 162(m) performance-based vesting requirements set forth herein, if applicable, the first Tranche will vest on December 31, 2018, the second Tranche will vest on December 31, 2019, the third Tranche will vest on December 31, 2020 and the fourth Tranche will vest on December 31, 2021 (any such date being a “Scheduled Vesting Date”).
Time is Money Join Law Insider Premium to draft better contracts faster.